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Indicators

MACD_Flat_Trend - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português

Views:
2883
Rating:
votes: 8
Published:
2018.12.18 19:16

MACD Flat Trend indicator is a signal indicator based on MACD.

It has four inputs:

  • MACD fast EMA period - fast EMA MACD calculation period
  • MACD slow EMA period - slow EMA MACD calculation period
  • MACD signal period - MACD signal line calculation period
  • Applied price - MACD calculation price

Calculation:

  • If the signal line is below MACD and MACD is above zero, the green label is set
  • If the signal line is above MACD and MACD is below zero, the red label is set
  • Otherwise, the gray label is used




Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22507

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